Loblaw has completed the previously announced acquisition of Lifemark Health Group from Audax Private Equity.
Lifemark is a leading provider of outpatient physiotherapy, massage therapy, occupational therapy, chiropractic mental health and other ancillary rehabilitation services in Canada. With this acquisition, Loblaw through its wholly owned subsidiary Shoppers Drug Mart, adds to its growing role as a healthcare service provider, with a network of health-and-wellness solutions accessible in person and digitally.
Loblaw is Canada's food and pharmacy leader, with a network of more than 2,400 corporate, franchised and associate-owned locations in communities across the country. Loblaw's purpose — Live Life Well — supports the needs and well-being of Canadians who make 1 billion visits each year to the company's stores.
[Read more: Loblaw’s Shoppers Drug Mart to acquire Lifemark Health Group]
Led by Shoppers Drug Mart, the leader in Canada's retail drug store marketplace and the No. 1 provider of pharmacy products and services, Loblaw offers full-service pharmacies and a range of services like prescriptions, med checks, vaccinations, minor-ailment diagnoses and nutrition consultations in more than 1,800 locations in 10 provinces and 2 territories, including in Shoppers Drug Mart, PharmaPrix, Loblaw pharmacy, DRUGStore Pharmacy and CENTRESante locations.
Lifemark Health Group is a Canadian leader in community rehabilitation, workplace health and wellness and medical assessment services. With over 20 years of service excellence, Lifemark Health Group, a comprehensive and trusted health provider with 3 million patient visits annually, employs over 5,000 highly trained clinicians, medical experts and team members, the company said.
As Canada's largest physiotherapy company, Lifemark said that it is passionate about enriching the health of Canadians through movement.